Atradius | Jotup

Markel strengthens Trade Credit team with Senior Underwriter and head of Business Development for Europe

Retrieved on:

Thursday, January 18, 2024

MKL, Insurance, Business development, Risk, Atradius, Markel Corporation, Trade credit, Growth, Financial services

LONDON, Jan. 18, 2024 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE: MKL), has appointed Sebastian Rice as a Senior Underwriter and head of Business Development for Europe – in a strategic move that will accelerate growth across Markel's trade credit portfolio, while strengthening the businesses' leadership position within the excess of loss (XoL) trade credit market.

Key Points:

LONDON, Jan. 18, 2024 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE: MKL), has appointed Sebastian Rice as a Senior Underwriter and head of Business Development for Europe – in a strategic move that will accelerate growth across Markel's trade credit portfolio, while strengthening the businesses' leadership position within the excess of loss (XoL) trade credit market.
Based at Markel's London office, Rice will lead the organisation's business development activities in Europe which includes serving key relationships with global clients, as well as identifying new territories to grow the trade credit portfolio of business.
Rice possesses over 20 years of experience in the trade credit industry, having spent the past decade at QBE Europe, where he was previously head of Commercial Underwriting.
In his new position, Rice will report to Phil Amlot, Senior Underwriter and head of Portfolio – Global – Trade Credit at Markel International.

Markel strengthens Trade Credit team with Senior Underwriter and head of Business Development for Europe

Retrieved on:

Thursday, January 18, 2024

MKL, Insurance, Business development, Risk, Atradius, Markel Corporation, Trade credit, Growth, Financial services

LONDON, Jan. 18, 2024 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE: MKL), has appointed Sebastian Rice as a Senior Underwriter and head of Business Development for Europe – in a strategic move that will accelerate growth across Markel's trade credit portfolio, while strengthening the businesses' leadership position within the excess of loss (XoL) trade credit market.

Key Points:

LONDON, Jan. 18, 2024 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE: MKL), has appointed Sebastian Rice as a Senior Underwriter and head of Business Development for Europe – in a strategic move that will accelerate growth across Markel's trade credit portfolio, while strengthening the businesses' leadership position within the excess of loss (XoL) trade credit market.
Based at Markel's London office, Rice will lead the organisation's business development activities in Europe which includes serving key relationships with global clients, as well as identifying new territories to grow the trade credit portfolio of business.
Rice possesses over 20 years of experience in the trade credit industry, having spent the past decade at QBE Europe, where he was previously head of Commercial Underwriting.
In his new position, Rice will report to Phil Amlot, Senior Underwriter and head of Portfolio – Global – Trade Credit at Markel International.

Atradius Bonding is now Atradius Surety

Retrieved on:

Thursday, January 18, 2024

Surety, Atradius

AMSTERDAM, Jan. 18, 2024 /PRNewswire/ --The Bonding division of Atradius is renamed to Atradius Surety.

Key Points:

AMSTERDAM, Jan. 18, 2024 /PRNewswire/ --The Bonding division of Atradius is renamed to Atradius Surety.
The change is effective as of 2 January and is based on market research and a survey with the business showing that Surety is a more competitive and internationally recognised term.
The name change will not affect the product terms used in local languages.
Our mission remains the same: to help our customers secure their performance and boost their business by offering tailor-made surety bond solutions that fit their needs.

Atradius Bonding is now Atradius Surety

Retrieved on:

Thursday, January 18, 2024

Surety, Atradius

AMSTERDAM, Jan. 18, 2024 /PRNewswire/ --The Bonding division of Atradius is renamed to Atradius Surety.

Key Points:

AMSTERDAM, Jan. 18, 2024 /PRNewswire/ --The Bonding division of Atradius is renamed to Atradius Surety.
The change is effective as of 2 January and is based on market research and a survey with the business showing that Surety is a more competitive and internationally recognised term.
The name change will not affect the product terms used in local languages.
Our mission remains the same: to help our customers secure their performance and boost their business by offering tailor-made surety bond solutions that fit their needs.

Asian businesses bolster credit risk management amid optimism for future growth, Atradius survey reveals

Retrieved on:

Wednesday, October 25, 2023

Insurance, Policy, Optimism, Growth, Risk management, TCP offload engine, Risk assessment, Atradius, Marketing, Online shopping, B2B

AMSTERDAM, Oct. 25, 2023 /PRNewswire/ -- While there is an anticipation of global trade expanding by slightly over 3% in 2024, the pace of growth in Asia is forecasted to remain subdued and may not be as robust as it was in previous years. The key factor inhibiting growth can be attributed to an ongoing underperformance in exports, which is likely to continue in the short-term due to weaker demand from Asia's main export markets, such as the United States and European Union, and could potentially weaken the domestic resilience shown by Asian economies this year.

Key Points:

One illustration of this is a 6% overall drop in Asian businesses B2B trading on credit over the past year with variations in different markets.
Our survey revealed that 70% of Asian companies expect rising demand for their products and services in the months ahead.
The survey underscores the adaptability of Asian businesses in the current economic turbulence, emphasizing the importance of thorough risk assessment when trading on credit with B2B customers.
Their ability to integrate trade credit insurance into their risk management framework showcases their resilience and forward-thinking approach to business operations and cash flow risks mitigation."

Asian businesses bolster credit risk management amid optimism for future growth, Atradius survey reveals

Retrieved on:

Wednesday, October 25, 2023

Insurance, Policy, Optimism, Growth, Risk management, TCP offload engine, Risk assessment, Atradius, Marketing, Online shopping, B2B

AMSTERDAM, Oct. 25, 2023 /PRNewswire/ -- While there is an anticipation of global trade expanding by slightly over 3% in 2024, the pace of growth in Asia is forecasted to remain subdued and may not be as robust as it was in previous years. The key factor inhibiting growth can be attributed to an ongoing underperformance in exports, which is likely to continue in the short-term due to weaker demand from Asia's main export markets, such as the United States and European Union, and could potentially weaken the domestic resilience shown by Asian economies this year.

Key Points:

One illustration of this is a 6% overall drop in Asian businesses B2B trading on credit over the past year with variations in different markets.
Our survey revealed that 70% of Asian companies expect rising demand for their products and services in the months ahead.
The survey underscores the adaptability of Asian businesses in the current economic turbulence, emphasizing the importance of thorough risk assessment when trading on credit with B2B customers.
Their ability to integrate trade credit insurance into their risk management framework showcases their resilience and forward-thinking approach to business operations and cash flow risks mitigation."

Rönesans secures prodigious ranking in ENR list: 9th European largest international contracting company, and 38th worldwide

Retrieved on:

Tuesday, September 19, 2023

ISTANBUL, Sept. 19, 2023 /PRNewswire/ -- Rönesans Group has retained its leading construction company status, recently ranked as 38th largest international contracting company worldwide and 9th largest in Europe on ENR's acclaimed 2023 "World's Top 250 International Contractors" list.

Key Points:

ISTANBUL, Sept. 19, 2023 /PRNewswire/ -- Rönesans Group has retained its leading construction company status, recently ranked as 38th largest international contracting company worldwide and 9th largest in Europe on ENR's acclaimed 2023 "World's Top 250 International Contractors" list.
Regarded as the most established international construction industry assessment tool, ENR has ranked Rönesans among the top 10 contracting companies in Europe annually since 2015.
ENR's list for 2023 of the "World's Top 250 International Contractors" is calculated on revenue acquired by contracting companies outside of their headquartered countries.
Ranking amongst the top 10 international construction companies in Europe, and top 40 worldwide, Rönesans will continue to drive forward growth across key sectors in Turkiye and globally.

Rönesans secures prodigious ranking in ENR list: 9th European largest international contracting company, and 38th worldwide

Retrieved on:

Tuesday, September 19, 2023

ISTANBUL, Sept. 19, 2023 /PRNewswire/ -- Rönesans Group has retained its leading construction company status, recently ranked as 38th largest international contracting company worldwide and 9th largest in Europe on ENR's acclaimed 2023 "World's Top 250 International Contractors" list.

Key Points:

ISTANBUL, Sept. 19, 2023 /PRNewswire/ -- Rönesans Group has retained its leading construction company status, recently ranked as 38th largest international contracting company worldwide and 9th largest in Europe on ENR's acclaimed 2023 "World's Top 250 International Contractors" list.
Regarded as the most established international construction industry assessment tool, ENR has ranked Rönesans among the top 10 contracting companies in Europe annually since 2015.
ENR's list for 2023 of the "World's Top 250 International Contractors" is calculated on revenue acquired by contracting companies outside of their headquartered countries.
Ranking amongst the top 10 international construction companies in Europe, and top 40 worldwide, Rönesans will continue to drive forward growth across key sectors in Turkiye and globally.

AM Best Affirms Credit Ratings of Atradius Seguros de Crédito, S.A.

Retrieved on:

Thursday, July 13, 2023

Insurance, Professional Services, AM Best, ALL, ERM, Perception, Credit, Collection, AM, News, Risk management, Atradius

The outlook of these Credit Ratings (ratings) is stable.

Key Points:

The outlook of these Credit Ratings (ratings) is stable.
Atradius Mexico’s reinsurance program is placed with Atradius Reinsurance Designated Activity Company, further demonstrating the support received by the group.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

AM Best Affirms Credit Ratings of Atradius N.V.’s Main Operating Subsidiaries

Retrieved on:

Thursday, July 13, 2023

Professional Services, Insurance, Finance, Good, AM Best, ALL, Are, Risk management, Credit, EUR, AM, News, Geography, Atradius

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” (Excellent) of Atradius Crédito y Caución S.A. de Seguros y Reaseguros (ACyC) (Spain), Atradius Reinsurance Designated Activity Company (ARe) (Ireland), Atradius Trade Credit Insurance, Inc. (ATCI) (U.S.) and Atradius Seguros de Crédito, S.A. (Atradius Mexico) (Mexico), which are the main operating subsidiaries of non-operating holding company Atradius N.V. (Atradius) (Netherlands).

Key Points:

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” (Excellent) of Atradius Crédito y Caución S.A. de Seguros y Reaseguros (ACyC) (Spain), Atradius Reinsurance Designated Activity Company (ARe) (Ireland), Atradius Trade Credit Insurance, Inc. (ATCI) (U.S.) and Atradius Seguros de Crédito, S.A. (Atradius Mexico) (Mexico), which are the main operating subsidiaries of non-operating holding company Atradius N.V. (Atradius) (Netherlands).
The ratings reflect Atradius’ balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favourable business profile and appropriate enterprise risk management.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .